Pakistani Rupee hits months high against US Dollar

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Pakistani Rupee hits months high against US Dollar

The Pakistani Rupee (PKR) continues its recovery against the US dollar as the USD closed at the lowest levels of FY21.

With a fresh appreciation of 6 paisas today, the Pakistani Rupee has strengthened by a cumulative Rs. 4.08 in the last few months (June 30th to October 7) to Rs. 163.97 against the greenback in the inter-bank market, according to Capital Stake.

The rupee, which was closed at 168.0506/USD on June 30th has gained Rs. 4.08. However, On a year to day basis, it is still down 5.89%.

PKR traded within a very narrow range of 25 paisas per USD showing an intra-day high bid of 164.15 and an intra-day low offer of 163.95.